Alliance Jura-Hongrie invests in health group

Deals

Budapest-based venture capital fund manager Alliance Jura-Hongrie has invested HUF 420 mln in Hungarian health industry group MEDinnovest, investment director Zsolt Makra told Hungarian news agency MTI.

The venture capital fund has acquired a minority stake in the group, which is majority owned by three Hungarian doctors. The investment is for 4-6 years and the expected yield is 25%. MEDinnovest was set up this year, but several of its units have been operating in pediatrics care and research now for several years.

The group has 65 employees. The venture capital fund manager Alliance Jura-Hongrie was set up in June 2013. Its first fund, the AJH Growth Venture Capital Fund has capital of HUF 4.286 bln, of which HUF 1.286 bln is provided by Alliance Jura-Hongrie Holding SA, its only private investor, and the remaining HUF 3 bln by the European Regional Development Fund and the state of Hungary.

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